"What is Retirement Lifestyle Planning?"

Retirement Lifestyle Planning Focuses on 10 Major Areas of Life:

Family - How do the needs of your children, grandchildren or parents fit into your retirement plans?
Self - How is your health? What is your financial situation? What are your personal goals? What do you fear about retirement?
Social - Do you have friends who have retired or will be retiring at the same time as you? Will you miss the social contact that came with your job?
Leisure - Do you plan to travel, pursue a hobby, or spend more time with grandchildren? Envisioning your retirement will make the transition from working life to retirement easier.
Work - What will you miss most about your job? Will you be working in retirement on a part-time basis?
Spiritual - How will your personal support system help you make a successful transition to retirement?
Relational - Will you and your spouse be able to adapt to being together much more? Do you plan to move closer to your children and grandchildren?
Cultural - Does your cultural background impose expectations on you? Will you be taking care of older family members? Will you be actively involved in your community?
Community - Does your community have adequate health care services for you in the future? Is there adequate transportation in your neighborhood? Will you be moving to a new town or province?
Financial - Estimating the costs associated with your retirement choice is an important step when deciding if you are ready to retire.

Sound retirement planning consists of both mental and financial preparation and should begin as early as 10 years before your official last day of work.